(Nov 11): Lee Chun Fun was a pre-IPO substantial investor of Vividthree Holdings, a virtual reality (VR), visual effects and computer-generated imagery studio. The company went public on Sept 25 last year. Lee’s direct interest in the company stood at 35.1 million shares, or 10.52%, following the company’s restructuring exercise, placement offer and listing on the Catalist board of the Singapore Exchange. But less than two months after the mandatory moratorium period of 12 months ended, she has ceased to be a substantial shareholder of the company.

On Nov 1, Lee sold 17.4 million shares in Vividthree on the open market for $2.6 million, or 15.026 cents apiece. This represented a slight premium to the stock’s closing price of 15 cents that day. Her direct interest in the company has now fallen to 16.3 million shares, or 4.89%, as a result of the disposal. She has no indirect interest in the company.

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